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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Investments in real estate, net $ 1,606,942 $ 1,691,711
Cash and cash equivalents 144,449 139,101
Restricted cash 32,160 8,086
Accounts receivable, net 13,086 11,164
Deferred rent receivable and charges, net 116,354 97,225
Other intangible assets, net 17,623 20,310
Other assets 92,270 102,401
Assets held for sale, net 0 22,062
TOTAL ASSETS 2,022,884 2,092,060
LIABILITIES:    
Debt 967,886 693,956
Accounts payable and accrued expenses 39,155 42,121
Intangible liabilities, net 3,576 6,086
Due to related parties 10,196 9,472
Other liabilities 34,056 32,826
Liabilities associated with assets held for sale 0 10,252
Total liabilities 1,054,869 794,713
COMMITMENTS AND CONTINGENCIES (Note 17)
REDEEMABLE PREFERRED STOCK: Series A, $0.001 par value; 36,000,000 shares authorized; 61,435 and 0 shares issued and outstanding at December 31, 2016 and 2015, respectively; liquidation preference of $25.00 per share 1,426 0
EQUITY:    
Common stock, $0.001 par value; 900,000,000 shares authorized; 84,048,081 and 97,589,598 shares issued and outstanding at December 31, 2016 and 2015, respectively 84 98
Additional paid-in capital 1,566,073 1,820,451
Accumulated other comprehensive income (loss) (509) (2,519)
Distributions in excess of earnings (599,971) (521,620)
Total stockholders’ equity 965,677 1,296,410
Noncontrolling interests 912 937
Total equity 966,589 1,297,347
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY $ 2,022,884 $ 2,092,060